Q3 2025 Holdings
Filed 2025-11-14 | 207 holdings | $592.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
Sign in to see sub-manager breakdown
| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| First Majestic Silver Corp | NOTE 0.375% 1/1 | 32076VAD5 | $47.6M | $44,040,000 | 8.0% |
| Abrdn Platinum ETF Trust(PPLT) | PHYSCL PLATM SHS | 003260106 | $43.1M | 302,000 | 7.3% |
| Equinox Gold Corp(EQX) | COM | 29446Y502 | $43.1M | 3,846,154 | 7.3% |
| Duke Energy Corp New | NOTE 4.125% 4/1 | 26441CBY0 | $35.0M | $32,000,000 | 5.9% |
| SSR Mining in | NOTE 2.500% 4/0 | 784730AB9 | $27.9M | $19,737,000 | 4.7% |
| Equinox Gold Corp | NOTE 4.750%10/1 | 29446YAC0 | $23.6M | $12,077,000 | 4.0% |
| Southern Co | NOTE 4.500% 6/1 | 842587DZ7 | $22.5M | $20,000,000 | 3.8% |
| PDD Holdings Inc | NOTE 12/0 | 722304AC6 | $18.4M | $18,500,000 | 3.1% |
| Esperion Therapeutics Inc NE(ESPR) | COM | 29664W105 | $17.7M | 6,676,519 | 3.0% |
| Beyond Meat Inc | NOTE 3/1 | 08862EAB5 | $16.9M | $93,792,000 | 2.8% |
| NIO Inc | NOTE 3.875%10/1 | 62914VAJ5 | $16.6M | $15,270,000 | 2.8% |
| Wolfspeed Inc | NOTE 1.750% 5/0 | 225447AD3 | $15.1M | $25,329,000 | 2.5% |
| PAR Technology Corp(PAR) | COM | 698884103 | $14.8M | 372,966 | 2.5% |
| Cardlytics Inc | NOTE 4.250% 4/0 | 14161WAD7 | $14.7M | $27,610,000 | 2.5% |
| Wolfspeed Inc | NOTE 1.875%12/0 | 977852AD4 | $14.5M | $24,451,000 | 2.4% |
| Teucrium Commodity TR(WEATUSD) | WHEAT FD | 88166A508 | $14.3M | 3,480,000 | 2.4% |
| Sangoma Technologies Corp(SANG) | COM NEW | 80100R408 | $14.0M | 2,821,433 | 2.4% |
| Magnite Inc | NOTE 0.250% 3/1 | 55955DAB6 | $13.9M | $14,225,000 | 2.3% |
| Opko Health Inc | NOTE 3.750% 1/1 | 68375NAG8 | $11.1M | $7,311,000 | 1.9% |
| Wolfspeed Inc | NOTE 0.250% 2/1 | 977852AB8 | $10.6M | $18,049,000 | 1.8% |
| Ishares Silver TR(SLV) | ISHARES | 46428Q109 | $10.6M | 250,000 | 1.8% |
| Telesat Corp(TSAT) | CL A & CL B SHS | 879512309 | $10.5M | 409,753 | 1.8% |
| Sprott Asset Management LP(PSLV/U) | PHYSICAL SILVER | 85207K107 | $10.4M | 665,000 | 1.8% |
| PPL Cap FDG Inc | NOTE 2.875% 3/1 | 69352PAS2 | $10.3M | $9,000,000 | 1.7% |
| Western AST Infl LKD OPP & I(WIW) | COM | 95766R104 | $8.9M | 1,006,697 | 1.5% |
| Burford Cap LTD(BUR) | ORD SHS | G17977110 | $8.9M | 744,713 | 1.5% |
| Txnm Energy Inc | NOTE 5.750% 6/0 | 69349HAF4 | $7.8M | $5,900,000 | 1.3% |
| NIO Inc | NOTE 4.625%10/1 | 62914VAK2 | $7.7M | $7,150,000 | 1.3% |
| Forum Energy Technologies in(FET) | COM | 34984V209 | $6.9M | 260,079 | 1.2% |
| Northern Oil & Gas Inc | NOTE 3.625% 4/1 | 665531AJ8 | $5.1M | $5,000,000 | 0.9% |
| Airbnb Inc | NOTE 3/1 | 009066AB7 | $4.9M | $5,000,000 | 0.8% |
| Evolent Health Inc | DEBT 4.500% 8/1 | 30050BAJ0 | $4.0M | $4,000,000 | 0.7% |
| Esperion Therapeutics Inc NE | NOTE 4.000%11/1 | 29664WAB1 | $3.0M | $3,000,000 | 0.5% |
| Evolent Health Inc | NOTE 3.500%12/0 | 30050BAH4 | $2.5M | $3,000,000 | 0.4% |
| Deckers Outdoor Corp(DECK) | COM | 243537107 | $2.4M | 24,136 | 0.4% |
| ERO Copper Corp(ERO) | COM | 296006109 | $2.4M | 119,600 | 0.4% |
| Brookfield Corp(BN) | CL A LTD VT SH | 11271J107 | $2.1M | 30,740 | 0.4% |
| International Flavors&fragra(IFF) | COM | 459506101 | $2.1M | 34,170 | 0.4% |
| Hexcel Corp New(HXL) | COM | 428291108 | $2.0M | 31,723 | 0.3% |
| Adecoagro S A(AGRO) | COM | L00849106 | $2.0M | 250,000 | 0.3% |
| Molina Healthcare Inc(MOH) | COM | 60855R100 | $1.9M | 10,183 | 0.3% |
| Stoneco LTD(STNE) | COM CL A | G85158106 | $1.9M | 100,000 | 0.3% |
| Kennedy-Wilson Holdings Inc(KW) | COM | 489398107 | $1.5M | 179,400 | 0.3% |
| Nexgen Energy LTD(NXE) | COM | 65340P106 | $1.4M | 159,300 | 0.2% |
| KKR & Co Inc(KKR) | COM | 48251W104 | $1.3M | 10,240 | 0.2% |
| Maravai Lifesciences Hldgs I(MRVI) | COM CL A | 56600D107 | $1.2M | 419,857 | 0.2% |
| Evercore Inc(EVR) | CLASS A | 29977A105 | $1.0M | 3,000 | 0.2% |
| Markel Group Inc(MKL) | COM | 570535104 | $984.4K | 515 | 0.2% |
| Danaher Corporation(DHR) | COM | 235851102 | $931.8K | 4,700 | 0.2% |
| Microchip Technology Inc.(MCHP) | COM | 595017104 | $922.2K | 14,360 | 0.2% |